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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 23, 1944
Page
8
New Orleans August 23 futures closed steady with slight losses under long liquidation and hedge selling. War news and crop reports limited support. census figures deemed small. Spot cotton closed steady near 75 cents a bale. low middling 17.85 cents, middling 21.25, receipts 4,166, stocks 297,533.
Favorable war developments and cotton crop news spurred sales in New York and New Orleans. Prices fell as much as 5 cents a bale before mill buying and covering trimmed losses. Late afternoon values were 4 to 6 cents lower with Oct 21.42, Dec 21.20, and Mar 20.47.
Chicago grain notes show wheat futures under pressure with contracts edging down to new seasonal lows while rye fluctuates across a wide range. Potatoes arrivals 78 with U S shipments 718. prices listed for Idaho, Washington, Colorado, Wisconsin, North Dakota, South Dakota, Minnesota varieties.
London dispatch says President Roosevelt and Prime Minister Churchill may attend the Allied march into Paris after the campaign against German armies progresses. Special newsreel crews, military bands, and de Gaulle expected to take prominent roles under the Arc de Triomphe.
Irregular trading in stocks with some industrials recovering, bonds mixed. Cotton soft as commission houses and New Orleans sellers press price, Chicago wheat weak on hedge selling, war news favored buying. hogs active to a top of 14.75, cattle steady to strong with best steers at 18.35.
The New York market showed waning selling as Paris liberation boosts postwar victory hopes. Some motors utilities and air transports posted fractional gains while leaders faltered amid recoversion doubts. Near closing, transfers ran about 700000 shares as bonds remained unclear. Wheat and cotton moved modestly in Chicago trading.
Salable hogs 10,000 to 13,000 total with 150 to 240 pound hogs at 14.75 and over 240 pounds and sows at 14.00. Cattle salable 10,000 and calves 1,000 with fed steers and yearlings up to 18.35 and heifer yearlings at 17.35. Strong weight sausage bulls to 11.35. beef cows 7.50 to 11.00. dealers unchanged at 15.00 down.
Senator Revercomb of West Virginia warned at a Veterans of Foreign Wars encampment that signposts in the United States point toward National socialism. He criticized tax and spend policies as dangerous and cautioned about a looming national debt of 267 billion dollars.
The Swedish War Insurance Board announced it will no longer underwrite Swedish ships sailing to German ports, effectively removing Swedish vessels from trade with Germany. The move halves cross border trade and impacts iron ore and other war exports, with a prior halt to insurance for German North Sea ports and now a temporary ban for German Baltic ports.
Maj. Gen. Lucius D. Clay, director of materiel for the army service forces, told Senate war investigators that a theater commander failed to obtain half the 155 millimeter ammunition for a recent landing. He cited shortages across categories due to manpower and said stocks plus production could cover through 1945, with authorized reserves remaining.
London reports Allied air leaders consider a unified occupation air force perhaps 15 000 bombers and fighters to support ground troops entering Germany after capitulation. Russia may supply much fighter strength for ground operations while Americans and British contribute heavy bombers. A large joint air force would be unprecedented in history yet seen as enabling better control of postwar order.
Butter firm receipts 48 885 and eggs 11 166 with irregular ties. market unchanged aside from these figures. Parachute colors for aerial supply deliveries in combat zones use red deep blue and green to stand out against the sky.
The funeral for David Madison White Sr. is scheduled for Thursday at Robinson Funeral Chapel Bastrop with Rev. Jolly Harper officiating. Interment will be at Christ Church Cemetery. Pallbearers are Masonic lodge members. honorary pallbearers are Bastrop city council members and city police.
In a renewed peace offer, Premier Ivan Reghanov's government argued Bulgaria seeks only Balkan interests and would withdraw troops from non Bulgarian zones, while Turkish dispatches report demands to keep part of gained territory including Thrace Macedonia and access to the Aegean.
River stages show 24 hour changes at multiple stations including St Louis Memphis Helena Natchez Baton Rouge Pittsburgh Cincinnati and Nashville. Rise or fall movements vary with Little Rock Shreveport and Alexandria noted among readings.
Chester Hyde J J applies to the October 9 1944 meeting of the Pardon Board in New Orleans LA for a pardon or commutation. Monroe. August 21 23 25 1944 he also seeks a beer sales permit from the Louisiana Revenue Collector for Quachite Parish. M E Clark. Serviceman seeks ride with responsible party to San Francisco CA or vicinity around Sept 1 sharing expenses and references. Call 1689 A B 26 A
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